Blueberry Madness Inc. is a family business that was founded in 1995. This company from the Saguenay-Lac-Saint-Jean region is proud to promote the region's products. Several long-time customers make the trip and when they are passing through, they never fail to stock up on jars of blueberry jam. It really is the company's flagship product! Florence Bellavance has recently taken over the management of the family business and is seeking your expertise in management accounting. As of this fiscal year, the company's new policy is to keep enough blueberries for 3 months of production. At the beginning of the fiscal year, in January 2021, there were 1,200 kg of blueberries in stock with a value of $9,600. Each of the jars of organic blueberry jam required 0.3 kg of blueberries. As the company had to change supplier since January 2021, the price of the raw material increased by $2/kg compared to the previous financial year. Below please find a table of production projections for the first 6 months of the fiscal year. Budget of Production (number of jars) January 1,200 February 1,200 March 2,400 April 3,200 May 4,000 June 4,800 What is the value of the stock of raw materials on January 31 in dollars ($)?